The S&P 500 struggled a bit during the course of the day on Thursday, as we found the 1940 level a bit too resistive. The NASDAQ 100 did very much the same, and quite frankly I feel that these 2 markets should move in tandem.
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The WTI Crude Oil market initially tried to rally during the day but found the $32 level a bit too expensive. If there’s been one reliable trend over the last several months, it’s been that every time natural gas rallies, sellers come in and punish the market.
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Get the NZD/USD Forex Signal February 18, 2016.
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The WTI Crude Oil market rose during the course of the day on Wednesday, clearing the $30 level. The natural gas markets rallied during the day on Wednesday, bouncing off of the $1.90 level.
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The S&P 500 rose during the course of the session on Wednesday, slicing through the 1900 level and reaching as high as 1925. The NASDAQ 100 rallied during the course of the session on Wednesday, testing the 4200 level.
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The USD/JPY pair initially tried to rally during the day on Wednesday but struggled just below the 115 handle. The Australian dollar rose during the course of the day on Wednesday, but we still find ourselves just below the vital 0.72 level.
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The EUR/USD pair fell a bit during the course of the day on Wednesday, but did find a bit of support. The British pound had a volatile session as we went back and forth during the day, suggesting that the market is trying to come to terms with where to go next.
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Get the GBP/USD Forex Signal for February 18, 2016.
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Get the EUR/USD Forex Signal for February 18, 2016.
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Get the NZD/USD Forex Signal for February 17, 2016.
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